• Application Deadline:
• Position: Credit Control Manager


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 5 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Objective/ Purpose of Job

• Effectively and efficiently, monitor the credit control policies of the organization in such a way as will maximize prompt settlement from customers and minimize losses through bad debts.


• Ensure prompt and proper administration of our insurance claim policies. Ensure strict adherence to the approved trade terms of the organization.

Duties & Responsibilities

• To ensure that there is an efficient system of credit procedures and controls including reconciling customers’ accounts and follow up of overdue debts, prompt and reliable invoice and statement distribution.


• To design efficient debt collection procedures and ensure that these procedures are strictly adhered to at all CAP Plc sales outlets.


• To discuss and resolve problems, queries and disputes arising on credit sales transactions.


• To compute quarterly rebate for the Management approval and ensure prompt payment.


• To visit branches and customers regularly to discuss and solve any problem being encountered on credit sales transactions.


• To assess debtors quarterly and at year-end with a view to ensuring that adequate bad and doubtful debts provisions are made.


• To liaise with the Finance Controller to ensure accurate reporting of debtors' situation.


• To provide quality and timely management information on credit control.


• To provide parameters for placing defaulting customers on stop list and ensure these are enforced.


• To recommend debtors for legal action and liaises with Company Legal Department for all debts pursued through the courts.


• To ensure that judgment given by the courts against the debtors are promptly followed up with the legal department


• To age debts in accordance with the approved debtors' ageing analysis.


• To ensure adequate insurance cover for company assets, review of asset portfolio report on status of claims to management and prompt reporting of our claims to the brokers.


• To ensure compliance on company discount policies as approved by the management.


• Ensure efficient day-to-day operation of the credit control department is maintained.


• To investigate and rectify anomalies on the invoices, receipts e.t.c.


• To assist in organizing consolidation of monthly financial accounts in order to ensure that all accounting returns and statements are submitted on due dates to management.


• Perform any other duty assigned by the Finance Controller.

Education and Years of Experience

• First degree (with Hons) in Accountancy or related discipline plus ACA with a minimum of 5 years post-qualification experience.

Knowledge, Skills and Attributes

• The jobholder must be versatile in Sales and Marketing techniques, Financial Management and Corporate Finance, Database Management system.


• In addition, the jobholder must demonstrate self-confidence and integrity, interpersonal and communication skills, good knowledge of the business.


• Must also be good at information and customer management, and sound external orientation.